Ghost of Igloi wrote:
Body weight wrote:
I asked about someone living into their 90s.
I answered your post appropriately. The life expectancy of a 60 year old male is 83 not 90. Additionally there is greater short term portfolio risk at high valuations. I am probably one of the few posters here that actually has some real life experience managing retirement distributions for a diverse population over several complete market cycles. In summary I gave you the responsible response.
I’m sure you don’t always base your recommendations on someone living to the average life expectancy of the general population. Everyone is unique. Based on genetic longevity records, there are people who can reasonably be expected to live into their nineties. For these people, basing their investment allocation on 83 is irresponsible and dangerous. Who wants their retirement savings to run out 10 years before they die?
So I ask again, what percentage equity allocation you would recommend for that 60 year old given an expectation of living into his 90s?